Commercial Loans
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Commercial Loans

Pioneer National Bank has several types of loans to meet your business needs and help you achieve your goals.

Revolving Lines of Credit
Revolving lines of credit are available for short-term working capital needs, to fund inventory purchases or for receivable financing.

You pay interest-only payments monthly and principal payments may be made at any time.

  • Secured and unsecured
  • Variable interest rate
  • Reviewed annually
  • Easy access

Term Loans
A term loan will allow you to purchase machinery, equipment, vehicles and other capital expenditures and pay for them over a period of time allowing you to make better use of your cash.

  • Secured and unsecured
  • Fixed and variable interest rates
  • For a specific purpose
  • Repayment can be tailored to the business cycle
  • Automatic payment feature

Commercial Real Estate Mortgage
A loan for the purpose of purchasing, constructing or renovating a business purpose property – may be commercial, residential or mixed-use.

  • Fixed or variable interest rates available
  • Interest rate may be fixed for up to five years
  • Long-term amortization
  • Secured by real estate mortgage
  • Automatic payment feature

Letters of Credit
A standby letter of credit guarantees payment by the bank in the event of nonpayment or performance by the customer to a third party. The bank’s credit is substituted for that of the customer. A documentary letter of credit gives the business customer a method to safely conduct transactions with domestic and foreign businesses.

  • Bank guarantees funds
  • Loan signed by business customer is activated if letter is drafted upon
  • Customized to individual business customer needs

Small Business Administration (SBA)
SBA loans are loans guaranteed by the Small Business Administration for businesses who may not meet standard lending criteria.

To Obtain a Business Loan
Please contact one of our commercial lenders. Depending upon the loan request, we may ask you for the following items:

  • Pioneer National Bank Business Loan Application
  • Business Records
    • Year-end financial statements for the last three years
    • Business federal income tax returns for the last three years
    • Current interim financial statement
    • Available projections
  • Personal Records
    • A current personal financial statement
    • Most recent year-end personal income tax return

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